ADVERTISEMENT

Gov't Earmarks HUF 54 bln for Budapest Tram Purchase

Government

Photo by BKK

The government has decided on HUF 54 billion in European Union support for Budapest's acquisition of another 51 trams from Spain's CAF, Mayor Gergely Karácsony said in a post on Facebook on Friday.

Karácsony noted that the decision was taken "at the last minute".

The Budapest Public Transport Centre (BKK) signed an extension in November on an option to purchase more trams from CAF giving it until March 18, 2023, to decide on calling down the option.

A government resolution published in the latest issue of the official gazette, Magyar Közlöny, gives the regional development minister until March 18 to see the contract on support for the trams signed.

Karácsony said it would have "been a sin" not to take advantage of the "extraordinarily favorable" procurement conditions. The trams will arrive in 2024, he added.

Erste Bank Hungary Q1 Earnings Close to HUF 29 bln Banking

Erste Bank Hungary Q1 Earnings Close to HUF 29 bln

Hungary Welcomes Extension of China's Visa Exemption Policy Int’l Relations

Hungary Welcomes Extension of China's Visa Exemption Policy

Living's Kassák Terrace and Park West 3 Classified as Brownf... Residential

Living's Kassák Terrace and Park West 3 Classified as Brownf...

Aldi Opening Biggest Store in Budapest Food

Aldi Opening Biggest Store in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.